Which new trends are likely to be seen

in Automotive Paint Market ?

JULY 9, 2021 BY SURENDRA CHOUDHARY  ♥

Paint imparts a good texture and rich appearance to the interior as well as exterior components of the
vehicle. Apart from improving the aesthetical appearance of the vehicle, paint also protects the vehicle
from acid rains, UV rays, oxidization, and corrosion. The quality and consistency of the automotive
paint and the rich feel that the paint imparts to the vehicle is an eye-catching feature which plays a vital
role in attracting customers toward the vehicle. Automotive paint consists of a pigment, a binder, and
thinner. Most vehicle paint composition, currently, comprise a primer coat, followed by a coat of paint
and then a final clear coat for achieving a good and consistent finish across the surface of the vehicle.

Automotive paint consists of color pigment, additive pigments, binder and thinner. Titanium oxide is
the most commonly used color pigment for automotive paint. Additive pigments comprise several
compounds such as calcium, talc, and mica. Additive pigments are primarily responsible for imparting
the necessary viscosity, levelling, sheen, appearance and flexibility to the automotive paint. The binder
is utilized with both the color and the clear coat layers. The binder imparts durability to the paint and
keeps the paint bonded to the layer of clear coat.

Want to know the obstructions to your company’s growth in future? Request a brochure @ 
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Increasing production volumes of both passenger as well as commercial vehicles is expected to drive
the automotive paint market during the forecast period. Increased disposable income of people,
improved consumer lifestyle, and rising consumer preference toward vehicles with good aesthetical
finish, rich texture, and glossy appearance are anticipated to further boost the automotive paint market
in the next few years. Increasing investments by OEMs in developing automotive paints which are
expected to reduce the adverse environmental impact caused by volatile emissions from certain types
of automotive paints is projected to provide promising opportunities for the automotive paint market
during the forecast period. For instance, BASF Group and Sirrus Inc., two major players focusing on
the development of coatings and adhesives, have entered into an agreement to develop a new class of
high performance automotive coatings based on methylene malonate technology.

However, few types of automotive paints contain solvents such as toluene which release VOC (volatile
organic compounds) which have an adverse effect on the environment. The governments of few
countries have imposed rules and regulations imposing restrictions on the level of VOC emissions from
such types of paints. This is expected to hamper the growth of the automotive paint market during the
forecast period. Moreover, solvent based paints pose a threat of internal substitution by water based
paints which are environment friendly. This is anticipated to decline the growth of the automotive
paint market to some extent during the forecast period.

Based on vehicle type, the automotive paint market can be classified into passenger vehicles and
commercial vehicles. The passenger vehicles segment is estimated to dominate the automotive paint
market during the forecast period owing to the increased demand for passenger vehicles across the
world in recent years.
Based on finish provided, the automotive paint market can be divided into solid finish, metallic finish,
pearlescent finish, matte finish, and special finish. The metallic finish segment is anticipated to expand
at a significant growth rate during the forecast period owing to the rising public preference toward
vehicles with a shiny, glossy, and metallic appearance.

Based on the base material of paint, the automotive paint market can be classified into lacquer-based,
enamel-based, urethane-based, and acrylic based. Lacquer-based paints are not preferred by
automotive manufacturers owing to their drawbacks such as need for frequent maintenance, tendency
to become brittle with ageing, tendency to crack and chalk after prolonged usage, and presence of
highly toxic solvents such as toluene, which have adverse effects on the environment. Enamel-based
paints are softer, provide a glossier finish, and are less expensive than urethanes. Urethane-based
paints have high durability, are comparatively more expensive, and are slightly difficult to spray.
Presently, urethane-based paints are preferred by several vehicle manufacturers for their recent models
due to their superior performance, despite their marginally higher cost.

Based on paint type, the automotive paint market can be segregated into solvent-based paint, water-
based paints, powder painting, and nanotechnology-based paints. Solvent-based paints contain
solvents such as toluene, which release VOCs (volatile organic compounds) into the environment
during drying. These VOCs pose a threat to the environment. Powder painting does not involve the
usage of wet paints. Thus, powder painting does not release any harmful compounds in the
environment. However, powder painting does not prove to be a practically feasible solution for
painting few components of the vehicle which have irregular shapes or tough geometries. These
limitations in certain automotive painting processes has shifted the interest of manufacturers toward
water-based paints in recent years.

The water-based paints segment is anticipated to dominate the automotive paint market during the
forecast period owing to its environment friendly nature and the good aesthetic finish of the painted
product. Nanotechnology-based paints are being used in a few sports cars. However, it is not expected
to be a practically viable option from the point of view of manufacturers for mass painting of vehicles
owing to its significantly high cost and is likely to be used only in top-end models.

Based on application, the automotive paint market can be divided into interior and exterior. The
exterior segment is anticipated to expand at a significant growth rate during the forecast period since
most exterior components of the vehicle demand the application of paint for imparting a good
aesthetical look and finish to the vehicle. Furthermore, most manufacturers are currently shifting their
focus from painting interior components of the car to manufacturing the interior components from a
pre painted master batch, which is greatly seen to reduce the application of automotive paint in the
vehicle’s interior.

Based on sales channel, the automotive paint market can be classified into OEM (original equipment
manufacturer) and aftermarket. The OEM segment is anticipated to expand at a significant growth rate
during the forecast period since the components of the vehicle come as pre-painted parts from OEMs
and the components do not require frequent painting throughout the life of the vehicle.

Purchase Premium Research Report @ 

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Based on geographical region, the automotive paint market can be segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected
to expand at a rapid pace during the forecast period owing to the increasing vehicle production and the
strong presence of well-established vehicle manufacturers in some countries of Asia Pacific such as
China, Japan, and South Korea.

Key players operating in the automotive paint market include DuPont, PPG, Nippon Paints, Kansai
Nerolac Paints, BASF, AkzoNobel, and KCC

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Paint imparts a good texture and rich appearance to the interior as well as exterior components of the
vehicle. Apart from improving the aesthetical appearance of the vehicle, paint also protects the vehicle
from acid rains, UV rays, oxidization, and corrosion. The quality and consistency of the automotive
paint and the rich feel that the paint imparts to the vehicle is an eye-catching feature which plays a vital
role in attracting customers toward the vehicle. Automotive paint consists of a pigment, a binder, and
thinner. Most vehicle paint composition, currently, comprise a primer coat, followed by a coat of paint
and then a final clear coat for achieving a good and consistent finish across the surface of the vehicle.

Automotive paint consists of color pigment, additive pigments, binder and thinner. Titanium oxide is
the most commonly used color pigment for automotive paint. Additive pigments comprise several
compounds such as calcium, talc, and mica. Additive pigments are primarily responsible for imparting
the necessary viscosity, levelling, sheen, appearance and flexibility to the automotive paint. The binder
is utilized with both the color and the clear coat layers. The binder imparts durability to the paint and
keeps the paint bonded to the layer of clear coat.

Want to know the obstructions to your company’s growth in future? Request a brochure @ 
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=885

Increasing production volumes of both passenger as well as commercial vehicles is expected to drive
the automotive paint market during the forecast period. Increased disposable income of people,
improved consumer lifestyle, and rising consumer preference toward vehicles with good aesthetical
finish, rich texture, and glossy appearance are anticipated to further boost the automotive paint market
in the next few years. Increasing investments by OEMs in developing automotive paints which are
expected to reduce the adverse environmental impact caused by volatile emissions from certain types
of automotive paints is projected to provide promising opportunities for the automotive paint market
during the forecast period. For instance, BASF Group and Sirrus Inc., two major players focusing on
the development of coatings and adhesives, have entered into an agreement to develop a new class of
high performance automotive coatings based on methylene malonate technology.

However, few types of automotive paints contain solvents such as toluene which release VOC (volatile
organic compounds) which have an adverse effect on the environment. The governments of few
countries have imposed rules and regulations imposing restrictions on the level of VOC emissions from
such types of paints. This is expected to hamper the growth of the automotive paint market during the
forecast period. Moreover, solvent based paints pose a threat of internal substitution by water based
paints which are environment friendly. This is anticipated to decline the growth of the automotive
paint market to some extent during the forecast period.

Based on vehicle type, the automotive paint market can be classified into passenger vehicles and
commercial vehicles. The passenger vehicles segment is estimated to dominate the automotive paint
market during the forecast period owing to the increased demand for passenger vehicles across the
world in recent years.

Based on finish provided, the automotive paint market can be divided into solid finish, metallic finish,
pearlescent finish, matte finish, and special finish. The metallic finish segment is anticipated to expand
at a significant growth rate during the forecast period owing to the rising public preference toward
vehicles with a shiny, glossy, and metallic appearance.

Based on the base material of paint, the automotive paint market can be classified into lacquer-based,
enamel-based, urethane-based, and acrylic based. Lacquer-based paints are not preferred by
automotive manufacturers owing to their drawbacks such as need for frequent maintenance, tendency
to become brittle with ageing, tendency to crack and chalk after prolonged usage, and presence of
highly toxic solvents such as toluene, which have adverse effects on the environment. Enamel-based
paints are softer, provide a glossier finish, and are less expensive than urethanes. Urethane-based
paints have high durability, are comparatively more expensive, and are slightly difficult to spray.
Presently, urethane-based paints are preferred by several vehicle manufacturers for their recent models
due to their superior performance, despite their marginally higher cost.

Based on paint type, the automotive paint market can be segregated into solvent-based paint, water-
based paints, powder painting, and nanotechnology-based paints. Solvent-based paints contain
solvents such as toluene, which release VOCs (volatile organic compounds) into the environment
during drying. These VOCs pose a threat to the environment. Powder painting does not involve the
usage of wet paints. Thus, powder painting does not release any harmful compounds in the
environment. However, powder painting does not prove to be a practically feasible solution for
painting few components of the vehicle which have irregular shapes or tough geometries. These
limitations in certain automotive painting processes has shifted the interest of manufacturers toward
water-based paints in recent years.

The water-based paints segment is anticipated to dominate the automotive paint market during the
forecast period owing to its environment friendly nature and the good aesthetic finish of the painted
product. Nanotechnology-based paints are being used in a few sports cars. However, it is not expected
to be a practically viable option from the point of view of manufacturers for mass painting of vehicles
owing to its significantly high cost and is likely to be used only in top-end models.

Based on application, the automotive paint market can be divided into interior and exterior. The
exterior segment is anticipated to expand at a significant growth rate during the forecast period since
most exterior components of the vehicle demand the application of paint for imparting a good
aesthetical look and finish to the vehicle. Furthermore, most manufacturers are currently shifting their
focus from painting interior components of the car to manufacturing the interior components from a
pre painted master batch, which is greatly seen to reduce the application of automotive paint in the
vehicle’s interior.

Based on sales channel, the automotive paint market can be classified into OEM (original equipment
manufacturer) and aftermarket. The OEM segment is anticipated to expand at a significant growth rate
during the forecast period since the components of the vehicle come as pre-painted parts from OEMs
and the components do not require frequent painting throughout the life of the vehicle.

Purchase Premium Research Report @ 

https://www.transparencymarketresearch.com/checkout.php?rep_id=885&ltype=S
Based on geographical region, the automotive paint market can be segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected
to expand at a rapid pace during the forecast period owing to the increasing vehicle production and the
strong presence of well-established vehicle manufacturers in some countries of Asia Pacific such as
China, Japan, and South Korea.

Key players operating in the automotive paint market include DuPont, PPG, Nippon Paints, Kansai
Nerolac Paints, BASF, AkzoNobel, and KCC

Read Our Trending Press Release Below: 

https://www.prnewswire.com/news-releases/rapid-adoption-of-cloud-based-platforms-to-benefit-
companies-in-the-global-tax-software-market-whilst-outbreak-of-covid-19-to-accelerate-use-of-digital-
platforms-for-tax-filing-processes-tmr-301249303.html